COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Investors Focus on Bitcoin ETFs After Approval
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Investors Focus on Bitcoin ETFs After Approval
Bitcoin (BTC)

Investors Focus on Bitcoin ETFs After Approval

In Brief

  • BlackRock and Fidelity's Bitcoin ETFs attract significant investor attention.

  • Vanguard leads total ETF inflows in 2024, surpassing BlackRock.

  • Grayscale's GBTC sees strong outflows during its conversion process.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Throughout 2023, the values emerging after the approval of the Bitcoin ETF on January 10, 2024, continue to attract investors‘ attention. During this process, BlackRock and Fidelity’s spot Bitcoin exchange-traded funds (ETFs) constituted a significant portion of the total ETF inflows that emerged this year among issuers.

Contents
Inflows in Bitcoin ETFsOutlook in Bitcoin ETFs

Inflows in Bitcoin ETFs

According to an analysis by Bloomberg ETF analyst Eric Balchunas, based on data provided by Bloomberg Intelligence, Bitcoin ETFs from BlackRock and Fidelity accounted for 26% and 56% of the total inflows, respectively. Data provided by Farside Investor shows that BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) hosted inflows of $16.6 billion and $8.9 billion, respectively, since they began trading on January 10.

Meanwhile, Vanguard, which has no Bitcoin ETF issuance, reached $102.8 billion in total ETF inflows so far in 2024, surpassing BlackRock’s $65.1 billion. According to Stock Analysis, BlackRock currently manages 429 ETFs worth $2.8 trillion, while Fidelity has 70 ETFs totaling $74 billion AUM.

Another investment giant, Invesco, achieved $34.7 billion in ETF flows this year. However, only 0.9% of this came through Bitcoin ETFs, reflecting a total inflow of $317.3 million in the first five months of the year.

BlackRock’s IBIT ETF surpassed the Grayscale Bitcoin Trust (GBTC) on May 28 as the world’s largest spot Bitcoin ETF. According to data from Apollo Bitcoin Tracker, IBIT currently holds 291,567 BTC, valued at just over $20 billion based on BTC’s price.

Grayscale’s GBTC had 620,000 Bitcoin at the start of its conversion process to a spot form. However, strong outflows have occurred since then, and it now holds 285,139 BTC, valued at $19.6 billion based on BTC’s current price.

Outlook in Bitcoin ETFs

Recent inflows and outflows in Bitcoin ETFs have balanced somewhat, with many ETF providers experiencing zero inflow-outflow periods recently. For example, according to information shared by Farside Investors, there have been no inflows or outflows in the Franklin Bitcoin ETF (EZBC) since May 16.

Grayscale’s ETF continues to host average daily inflows of $141.7 million, primarily from IBIT, FBTC, and to a lesser extent, ARK 21Shares Bitcoin ETF (ARKB).

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Texas Commits Boldly with First Publicly Funded Bitcoin Reserve

Bitcoin’s Surging Value Triggers Massive Liquidation

Swissblock Warns on Bitcoin’s Liquidity Struggles Affecting Its Value

Global Tensions Push Bitcoin Below $100,000 – What Happens Next?

Bitcoin Defies Peak Predictions and Continues Bullish Run

COINTURK NEWS 4 June, 2024 - 5:54 am 4 June, 2024 - 5:54 am
Share This Article
Facebook Twitter
Share
Previous Article Analist Predicts Significant Price Rallies for Bitcoin, Ethereum, Solana, and API3
Next Article Analyst Recommends Five Altcoins for Potential Gains
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Cryptocurrencies Soar as Fed Holds Interest Rate Uncertainty
Economy
Israeli Forces Arrest Spy Over Iran Ties and Cryptocurrency Transactions
Cryptocurrency News
Best Layer 1 Pick for 2025? Kaanch Presale Stage 7 Gains Momentum as Solana Whales Move In
Sponsored Article
The Astonishing Surge of Cardano Sparks New Investment Opportunities
Cardano (ADA)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?